In the New York financial market on the 7th, the Dow Jones Industrial Average rose on the back of expectations that interest rates would be lowered by the end of the year, following Federal Reserve Chairman Jerome Powell's remarks in the House of Representatives. futures prices hit a new all-time high.
The closing price of the Dow Jones Industrial Average on the New York Stock Exchange on the 7th was $38,791.35, an increase of $130.30 from the previous day, marking the second consecutive day of increases.
In response to Federal Reserve Chairman Jerome Powell's remarks in the US Senate, saying, ``It won't be long before we can be confident that the rate of inflation will reach a sustained rate of 2%,'' buying orders were triggered by expectations that interest rates would be lowered by the end of the year. increased.
In addition, the stock price of Nvidia, a semiconductor giant that makes semiconductors for generative AI, rose significantly by 4.4% due to expectations for increased demand for AI, and the Nasdaq stock index, which has many high-tech stocks, temporarily hit an all-time high during trading hours. updated, and the closing price rose 1.5%.
The S&P 500 stock index, which is calculated using the stock prices of 500 major companies, also hit a new all-time high.
In addition, on the New York Mercantile Exchange, there was a growing movement to buy gold, which is considered less susceptible to interest rate cuts, and the gold futures price, which is a trading benchmark, temporarily exceeded $2,170 per ounce, reaching an all-time high for the second consecutive day. The has been updated.